HCL Tech and Sumeru Equity Partners acquire Actian Corporation | CashKaro News Network

Source: eWeek

HCL Technologies, in partnership with Sumeru Equity Partners have successfully acquired US based Actian Corporation in a $330 million all-cash deal. The receipt of the US Government HSR Antitrust approvals have been met and the approval of Committee on Foreign Investment in the US, which HCL filed voluntarily, is awaited. Palo Alto-based Actian was incorporated in 2005 and has over 275 employees and offers hybrid data management, cloud integration and analytics solutions. It has a registered revenue of $107.1 million in 2017 and a global customer base with business operations mainly in the US, the UK, Germany, Japan and Australia.

Source: Moneycontrol.com

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